Bitcoin and ether costs dropped sharply on Tuesday, however that didn’t cease buyers from pouring money into crypto funds.
Spot bitcoin exchange-traded funds (ETFs) took in $876 million, in line with information from Farside Buyers. Mixed with $1.2 billion in inflows on Monday as buyers reacted to new report worth over the weekend, the BTC funds have drawn in a recent $2 billion in simply the primary two days of thew eek.
Ether ETFs, in the meantime, additionally noticed a wave of demand, pulling in $420 million Tuesday, their strongest day of inflows this month. For the primary two days of the week, the ETH funds have pulled in additional than $600 million.
The wave of money got here as costs fell sharply, with bitcoin dropping 2.7% and ether by 5%.